Cointelegraph reached out to several industry participants to gather their reactions regarding the recent actions taken by the SEC.
Cointelegraph reached out to various players working within the space to see their responses to the recent actions made by the SEC. From sharing their belief that it will drive crypto companies away from the U.S. to simply calling the SEC’s actions lazy, industry players shared their thoughts on the latest topic hounding the space.According to Kristin Smith, the CEO of the Blockchain Association, while the SEC’s actions are expected, it’s still unacceptable.
Meanwhile, Paolo Ardoino, the chief technology officer of stablecoin issuer Tether believes that companies’ complaints against the SEC should be listened to. According to Ardoino, the uncertainty of rules and guidance in the U.S. is becoming a common theme, even among the biggest supporters of crypto in the country.
explained that this can “open up more opportunities for other jurisdictions such as Hong Kong, Dubai or even El Salvador to drive innovation and attract capital and talent.”protocol Enjin, agrees with the sentiment. According to Tan, the world will not wait for the US to make up its mind on crypto. Tan explained:
While others expressed their beliefs on the potential effect of the SEC’s lawsuit against Binance and Coinbase, other crypto professionals explored the motivation and fairness of the SEC’s move.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Shares Drop 10% Following SEC’s Suit Against BinanceShares of Coinbase ($COIN) fell 10% after news broke that the SEC was suing Binance for violating federal securities laws. HeleneBraunn reports
Read more »
Coinbase shares plummet as SEC sues rival crypto exchange BinanceCoinbase's shares lost as much as 12% after news broke that the SEC was suing rival exchange Binance.
Read more »
Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg SaysAt least 37% of Coinbase's net revenue could be at risk if that exchange is subject to charges from the SEC, said one analyst. $COIN Aoyon_A reports
Read more »
Coinbase stock falls 10% after SEC sues Binance for unregistered securitiesCoinbase falls 10% after the SEC sues rival crypto exchange Binance for violating securities law
Read more »
Coinbase sued by SEC one day after regulator sues BinanceThe United States Securities and Exchange Commission has struck again — this time suing Coinbase — one day after filing a lawsuit against exchange Binance.
Read more »
US SEC sues Coinbase, one day after suing BinanceNEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency exchange of operating illegally without having first registered with the regulator. Tuesday's lawsuit came one day after the SEC sued Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao. Both cases are part of SEC Chair Gary Gensler's push to assert jurisdiction over crypto and offer better protection to investors who trade virtual currencies.
Read more »